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Short Idea Based on Fibonacci Levels and Market ConditionsHi everyone! Analyzing the current price action, we observe that the asset is positioned near the lower end of the 0.382 Fibonacci retracement level. It has reached the top of a descending channel and is beginning to retrace from its local high, signaling potential bearish momentum. Additionally, Bitcoin currently exhibits a bearish outlook, with a CME gap below the $90k area , which could act as a magnet for further downside. Furthermore, Bitcoin is trading near a significant resistance level, rejected 3–4 times on the 1-hour chart around the $96–97k range. Since Bitcoin strongly influences altcoins, this bearish pressure could spill over into the broader market. As for ADAUSDT, we can see it forming a descending channel after hitting its local high, further reinforcing the bearish narrative. Proposed Targets: TP1: 0.9435 TP2: 0.9070 TP3: 0.8750 This setup is supported by technical analysis, Fibonacci retracement levels, and the overall market structure. As always, ensure proper risk management and confirm this setup with your own analysis before executing the trade.
Short
by TheStallion_
1
ADA Outlook after the Dip. What to expect NOW ?As you can see, the price is forming two bullish patterns on the DAILY timeframe. I expect the price to rise to the top of the triangle to complete the handle of the cup and handle pattern. If my view is correct, Cardano will rise to $1.25 . And if this pattern is correct and breaks, higher targets are possible. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
ADAUSD - From this simple chart, whole crypto market bullish?While its not necessary obvious to guess next move on BTC, some alts like ADA can help a lot ADA made a rebound on the weekly 200MA on the 20th of December, that mark was also a support from the previous high made in feb 2024 and another support on feb 2022 as we are talking with big timeframes, chances for the asset to go under 20th December lows are very unlikely (but still possible), making the WHOLE crypto market still very bullish what now ? We can easily revisit ATH at 3, the faster we reach it, the higher we can go next 3 possibilities : February, April or September not financial advice Cheers
Long
by onemorewine
Republish the practice with correct HH, HL, LH, LL tags on ADAI have taken the trade using Indicator (W/M - ultimate (OS)) which shows me the trend is Upward till now, and the divergence in RSI is also upwards so I have taken the trade. But then I predicted the trend using Higher Highs, Higher Lows, Lower Highs, and Lower Lows by myself and I could see the Last lower Low, but in the Indicator, this Last lower Low is not shown, I'm a bit confused that if my custom trend is not correct or the indicator is not accurate,
Long
by Gull4334
Practice Trend analysis on ADAUSDTI have taken the trade using Indicator (W/M - ultimate (OS)) which shows me the trend is Upward till now, and the divergence in RSI is also upwards so I have taken the trade. But then I predicted the trend using Higher Highs, Higher Lows, Lower Highs, and Lower Lows by myself and I could see the Last lower Low, but in the Indicator, this Last lower Low is not shown, I'm a bit confused that if my custom trend is not correct or the indicator is not accurate,
Long
by Gull4334
Cardano: Ready To Resume (Bullish Continuation —Trade-numbers) The Cardano chart setup you and I spotted a week ago is ready to resume growing. Most likely. The falling wedge depicted on the chart represents a correction, a mild one. After the correction there was an advance and the first resistance level produced a retrace. This was a strong retrace but the action remains as a strong higher low and a bullish resumption is more likely than a bearish continuation. The reversal 20-Dec. was a very strong one, indicating that this is likely the correction bottom. The recent retrace was also a strong one but it reached nowhere near to the 20-Dec. low. Let's look at this from a different perspective. ADAUSDT is considered bullish above 0.76. If it trades above 0.83, this pair is strongly bullish and a new bullish advance can develop at any time. The action is happening above 0.83, current price is 0.91, so Cardano is bullish, technically speaking. We are bullish on Cardano and expect higher prices in the coming weeks and days. With all this said, remember that market conditions can always change. If there is break of support on the weekly timeframe, we can expect lower prices. If the support is pierced on the hourly or daily timeframe, this is no big deal as a recovery can happen the next day. The target can be seen on the chart. Sideways is also possible. Full trade-numbers below: ___ ADAUSDT (PP: 140%) ENTRY: $0.8300 - $0.9365 TP1: $1.0147 TP2: $1.1409 TP3: $1.3452 TP4: $1.4907 TP5: $1.6757 TP6: $2.2105 STOP: Close weekly below $0.8000 ___ Thank you for reading. Namaste.
Long
by MasterAnanda
3
ADA/USDT: Bullish Breakout Ahead!Hey traders! 👋 ADA/USDT is forming a symmetrical triangle on the 1-day chart, signaling consolidation and a potential strong breakout. Current market momentum suggests this move could be bullish! 💡 Trade Setup: Entry: Wait for a breakout above the resistance level at $0.88 to confirm the bullish move. Target: The first target is set at $1.40, offering an impressive 56% profit potential! 📈 Three-Phase Plan: 1️⃣ Phase 1: Price breaks the triangle and rallies to $1.40. 2️⃣ Phase 2: A correction pulls back to support near $1.15. 3️⃣ Phase 3: Price surges again, targeting levels above $1.75. 🚀 ⚖️ Risk Management: Stop Loss: Place your stop at $0.73, ensuring a 3:1 risk/reward ratio. 🌟 Why bullish? Symmetrical Triangle: This pattern often leads to significant moves. Strong Fundamentals: ADA is showing bullish momentum within a positive market environment. 📊 Summary: Entry: Above $0.88 (bullish breakout) Target 1: $1.40 (+56%) Target 2: $1.75 Stop Loss: $0.73 Let’s get ready for the breakout and seize the opportunity! 🚀📈 #ADA #Cardano #Trading #ChartAnalysis #BullishBreakout #Crypto #CryptoTrading 📌 Disclaimer: This is not financial advice. Always trade responsibly and manage your risk!
Long
by SevehoTrading
ADAUSDT.1DADA has been consolidating in a volatile range, with clear signs of rejection from the R1 resistance level ($1.1888). The broader trend shows bullish momentum has slowed, transitioning into a consolidation phase. The descending trendline (S7) has acted as a short-term resistance, but a breakout above this line recently indicates the possibility of a bullish continuation. The key to ADA’s next move lies in whether it can sustain its position above the major support levels. Support & Resistance Levels Resistance 1 (R1): $1.1888 This is the primary resistance level that ADA needs to breach for bullish momentum to regain strength. A break above this level could open the doors for a rally toward $1.3264 or higher. Support 2 (S2): $0.7428 This is the critical support level and the lower boundary of the range. A breakdown below this level could invalidate the bullish structure and lead to further downside. Technical Indicators MACD (12,26,Close): The MACD line is marginally above the signal line, indicating a neutral-to-bullish sentiment. The histogram is slightly positive but shows low momentum, suggesting indecision in the market. RSI (14,Close): The RSI is hovering around 50.40, reflecting a balance between buyers and sellers. A decisive move above 60 would confirm bullish momentum, while a drop below 40 could indicate renewed bearish pressure. Chart Patterns & Price Action The chart suggests a triangle breakout above the descending trendline (S7). However, the price has failed to gain significant upward traction, facing resistance near $0.93. This lack of follow-through indicates that bulls need stronger momentum to push prices higher. Projection & Scenario Analysis Bullish Scenario: ADA must reclaim $1.1888 (R1) to confirm a bullish breakout. If successful, the price could target $1.3264 as the next resistance zone, with potential for further gains if market conditions align. Bearish Scenario: If ADA fails to hold above $0.7428 (S2), the price could retest the $0.50 region or even the low of $0.3034. A breakdown would likely trigger increased selling pressure, signaling a bearish trend. Conclusion In conclusion, ADA is at a pivotal point, consolidating between critical support and resistance levels. The short-term outlook remains neutral until the price decisively breaks above $1.1888 or falls below $0.7428. For now, I remain cautiously optimistic, leaning toward a bullish bias if the support zone holds and momentum strengthens. ADA’s price action should be closely monitored, as confirmation of either scenario will dictate the next significant move.
by MarsSignals
I think I have drawn a flawless painting !!! As you can see, the price is forming two bullish patterns on the 4-hour timeframe. I expect the price to rise to the top of the triangle to complete the handle of the cup and handle pattern. If my view is correct, Cardano will rise to $1.5 . so I think I have drawn a flawless painting!!!!! Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
5
Phemex Analysis #51: How to Trade ADA Like a ProCardano ( PHEMEX:ADAUSDT.P ) has proven itself as a strong contender in the Layer 1 blockchain category, particularly during the November bull run. The price surged impressively from $0.3261 on November 5th to a peak of $1.329 on December 3rd, marking a staggering 407% increase in just under a month. However, the price subsequently corrected by 42.7%, dropping to $0.7613 on December 20th, and is currently trading around $0.92 (at the time of writing). Possible Scenarios 1. Bullish Breakout If ADA is gearing up for another bullish breakout, it is likely that the price will consolidate between $0.90 and $1.00 for an extended period, allowing for accumulation of buying power. A high-volume breakout above $1.15 and then $1.32 would signal the start of another significant rally. Pro Tips: Wait for a confirmed breakout before entering a trade. Monitor overall market sentiment to assess whether the rise is sustainable. 2. Second Dip to the $0.70 Area After the sharp dip to $0.7613 on December 20th, there is a possibility of a second dip toward the $0.70 region. If this occurs with lower trading volume but higher RSI compared to December 20th, it could indicate that ADA is forming a strong base around this level, presenting an opportunity to buy at lower prices. Pro Tips: If this scenario unfolds, traders can use tools like Phemex’s scaled orders to place buy orders between $0.80 and $0.70, allowing for better entry points while managing risk effectively. 3. Bearish Drop The recent decline in Bitcoin has negatively impacted overall market sentiment, raising concerns about prolonged bearish momentum in the crypto market. If ADA’s price breaks below $0.82 and $0.76 with high volume and lower RSI compared to December 20th, it could signal further declines toward $0.53 or even as low as $0.33. Pro Tips: Traders may consider shorting ADA if this scenario materializes. Alternatively, long-term investors could view this as an opportunity to accumulate more ADA at discounted prices. Final Thoughts Trading ADA requires careful observation of price levels, volume trends, and overall market sentiment. By staying disciplined and prepared for these potential scenarios, traders can position themselves strategically to maximize gains or mitigate risks in both bullish and bearish markets. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex